Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Financial Crisis»Go First goes insolvent, 5,000+ employees unsure of future
    Financial Crisis

    Go First goes insolvent, 5,000+ employees unsure of future

    HRK News BureauBy HRK News BureauMay 4, 20232 Mins Read7725 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Many pilots of Go First have reportedly started looking out for jobs elsewhere, what with the low-cost airline filing for voluntary insolvency and cancelling all flights from May 3 to May 5! It is not just the passengers who are in shock, but also the 5,000 plus employees working for the airline, including pilots and cabin crew. It is natural for the staff to be anxious as the management has not yet given them any clarifications about their future.

    The pilots and crew have reportedly been concerned for a while now about the financial health of the airline, since their salaries were repeatedly delayed. Some pilots claim that they were anyway paid much lower than their counterparts working for other airlines.

    The airline has assured that the passengers will be given a refund but hasn’t specified when. Meanwhile, the passengers whose flights were cancelled are worried about their refund, with some even tweeting about it and requesting the intervention of J Scindia, minister of aviation.

    Kaushik Khona, chief executive officer, Go First, informed employees, via a message, of the financial crisis that the airline is facing. He also indicated that the faulty engines supplied by Pratt & Whitney were to be blamed primarily. Almost half of the airline’s fleet is grounded owing to engine issues. Despite orders from the emergency arbitrator, Pratt & Whitney failed to supply the serviceable and spare leased engines to ensure uninterrupted services of Go First, which led to grounding of so many planes. Therefore, Go First had no other option but to file for voluntary insolvency.

    Khona, however, assured the employees in his message that the airline is trying its level best to deal with the situation keeping in mind the best interest of the staff and stakeholders, and that necessary action will be taken to preserve the airline’s operations.

    Airline bankrupt Cabin Crew engines faulty financial crisis Go First grounded insolvency Kaushik Khona pilots Pratt & Whitney Uncertainty
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    14 − six =

    Related Posts

    Collins Aerospace will cut 160 jobs in Iowa

    June 17, 2025

    Emirates posts record profit; shares success with employees

    May 11, 2025

    Is Bira 91 going through a crisis? Why are its employees unhappy?

    April 22, 2025

    Nidhi Kaistha to head India operations for Lamborghini

    April 15, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How a thumbs-up became a generational minefield

    July 11, 2025

    Why HR must unite hiring and development to survive

    July 10, 2025

    The 5-to-9 Trap: Is Gen Z’s quest for perfect evenings fuelling a new burnout?

    July 9, 2025

    How AI is creating a workforce of the mentally walking dead

    July 8, 2025
    Latest Post

    Telstra to cut 550 jobs in latest phase of overhaul

    News July 11, 2025

    Telstra, the Australian telecommunications provider, has announced plans to reduce its workforce by 550 employees…

    Internal criticism hits Meta’s AI division amid growing discontent

    News July 11, 2025

    Meta’s artificial intelligence ( AI) division is facing fresh internal criticism as concerns about its…

    NASA to lose over 2,000 senior employees amid budget restructuring

    Global HR News July 11, 2025

    In a significant shake-up at the US National Aeronautics and Space Administration (NASA), over 2,100…

    Boss allegedly targets employee for using ‘open to work’ tag on LinkedIn

    News July 11, 2025

    A workplace incident has sparked conversation on Reddit after an Indian employee claimed they were…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.